Benetton closes 2011 with a net profit of 73 million, down on the 102 million of 2010. The board of directors will propose to the shareholders' meeting to allocate the entire profit to reserves, without distributing a dividend. Revenues amounted to 2,032 billion, against 2,053 billion in 2010.
Net financial debt rises to 548 million. The collection of orders for the spring/summer 2012 collections of the various brands of the group is underway and it is expected that it may end with a slightly worsening trend compared to the comparison collections in the previous year.
For the 2012 financial year, Benetton estimates that, primarily due to the pressure on revenues, the operating result will not be able to improve and, as a result of the higher cost of debt, the net result may also decrease slightly.
